‘STATEMENT OF FINANCIAL POSITION AS AT
Assets
Property and equipment
Intangible assets
Investment property
Investments in subsiciary and associate
Investments
Equity securities
Debt securities
Term deposits
Loans and other receivables
Insurance / Reinsurance receivables
Reinsurance recoveries against outstanding claims
Salvage recoveries accrued
Deferred Commission Expense / Acquisition cost
Deferred taxation
Taxation - payment less provisions
Prepayments
Cash & Bank
Total Assets
Equity and Liabilities
Capital and reserves attributable to Company's equity holders.
Ordinary share capital
‘Share premium
Reserves
LUnappropriated profiv(Accumulated loss)
Total Equity
Surplus on revaluation of fixed assets
Liabilities
Underwriting Provisions
‘Outstanding claims including IBN
Uneamed premium reserves
Premium deficiency reserves
Unearned Reisurance Commission
Retirement benefit obligations
Deferred taxation
Borrowings:
Premium received in advance
Insurance / Reinsurance Payables
Other Creditors and Accruals
Taxation - provision less payment
Total Liabilities
Total Equity and Liabilities
Contingency(ies) and commitment(s)
Note
10
1"
2
8
26
6
6
7
18
9
8
24
26
14
6
20
a
2
23
The annexed notes 1 to... form an integral part ofthese financial statements
Current
year Prior year
Rupees in thousandSTATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED
(as per one Statement approach)
Current
Note year Prior year
Rupees in thousand
Net insurance premium 24 - :
Net Insurance claims 25 =
Promium deficiency - :
Net Commission and other acquistion costs 26 - :
Insurance claims and acquisition expenses - -
Management Expenses ar =
Underwriting results > -
Investment income 28 - :
Rental income 29 - :
Other income 30 - :
Other expenses at
Resutts of operating activities ~—
Finance costs 32 - :
Share of (loss)/profit of associates —
Profit before tax = -
Income tax expense 33
Profit after tax
Other comprehensive income:
Unrealised gains / (losses) on available-for-sale investments > -
Others (please specify) - :
Other comprehensive income for the year - :
Total comprehensive income for the year
Earnings (afler tax) per share - Rupees 34 - -
‘The annexed notes 1 to ..... form an integral part of these financial statements
Chief Executive Officer Director Director Chairman
The Company has the option to prepare the Statement of Comprehensive Income as
Note: per one Statement approach or two Statement approach
Page 115 0f 177PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED
(@s per two Statement approach)
Current Prior
Note year year
Rupees in thousand
Net insurance premium 24 - -
Net Insurance claims 25 - -
Premium deficiency - -
Net Commission and other acquistion costs 26 : :
Insurance claims and acquisition expenses - -
Management Expenses a se
Underwriting results - -
Investment income 28 - -
Rental income 29 - -
Other income 30 - -
Other expenses 3t
Results of operating activities
Finance costs 32 - -
Share of (loss)/profit of associates
Profit before tax - -
Income tax expense 33 : :
Profit after tax 5 5
Earnings (after tax) per share - Rupees 34 - -
The annexed notes
form an integral part of these financial statements
Chief Executive Officer Director Director Chairman
‘The Company has the option to prepare the Statement of Comprehensive
Note:
ote: Income as per one Statement approach or two Statement approach
Page 11606177STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED ..
(as per two Statement approach)
Current Prior
Note year year
Rupees in thousand
Profit after tax - -
Other comprehensive income:
Unrealised gains / (losses) on available-for-sale investments = -
Others (please specify) - -
Other comprehensive income for the year - -
Total comprehensive income for the year
Chief Executive Officer Director Director Chairman
The Company has the option to prepare the Statement of Comprehensive
Note: income as per one Statement approach or two Statement approach
Page 117 of 177